Looking ahead at week 33 and reviewing week 32

Review week 32

Result:
Brent Oil 2R
SPX500 -1R
Gold -1R
Total: 0R

Open positions:
Short USDCAD: +0,6R
Short USDJPY: -0,1R

USDCAD - Daily
USDCAD - Weekly

USDJPY - Daily
USDJPY - Weekly

Brent Oil kumo break trade

Brent Oil - Kumo break long 2R

This was kind of a kumo break trade. As price broke out of the kumo on the 19th it closed below a S&R level. It than reversed to the flat kumo top further ahead where an indecision candle formed right on the 20 EMA and the kumo. I entered at a break higher of a significant level (see chart). I placed a stop just below the indecision candle and targeted 2R just before the resistance level of 112,00. There was one retest of the flat kumo and then price just continued climbing. The overall Ichimoku picture was looking very bullish.
Brent Oil - overall Ichimoku picture

Brent Oil now deserves a pull back as price has moved away from the mean quite a bit. Last Friday formed a bullish pinbar suggesting another move up is well possible. However I rather buy from the mean. As you can see my two trades on Gold and SPX500 past week (see charts below) were entered way off of the mean. So although the PA signals on those trades were there, price did reverse (first) to the mean stopping me out in the process.
SPX500 - entry

SPX500 - Stopped

Gold - Entry

Gold - Stopped

If you want to learn more on Ichimoku trading, then you can find more links to resources on the links page. This week I got an email from the Ichimoku Trade website as they were offering a free E-book. I finished reading it and I must say it is vere comprehensive, yet consise. All the basics you need to know are explained. If you are looking for some advanced strategies to add to your arsenal, then you could consider Chris Capre's Advanced Ichimoku course (I am a student) or make some inquiries about the educational offers at IchimokuTrade.com.

Looking at week 33


Long: AUDUSD, Brent Oil
Short: USDJPY, USDCAD, EURGBP, EURJPY
Note: Brent Oil needs pull back
Kiwi and Gold almost on level to consider longs.

Economic calendar week 33

A lot of high impact events mainly for the EURUSD. I'll expect some fireworks there. I'll be keeping an eye on Monday's JPY and Fridays CAD related news events as I have some open trades on these pairs.
GMT Event
Aug 13
23:50 JP JPY BoJ Monetary Policy Meeting Minutes
Aug 14
06:00 DE EUR Gross Domestic Product s.a (QoQ) (Q2)Preliminar
06:00 DE EUR Gross Domestic Product n.s.a (YoY) (Q2)Preliminar
07:00 DE EUR Gross Domestic Product w.d.a (YoY) (Q2)Preliminar
08:30 UK GBP Core Consumer Price Index (YoY) (Jul)
08:30 UK GBP Consumer Price Index (YoY) (Jul)
n/a UK GBP BOE Inflation Letter
09:00 EMU EUR Gross Domestic Product s.a. (QoQ) (Q2)Preliminar
09:00 EMU EUR Gross Domestic Product s.a. (YoY) (Q2)Preliminar
09:00 DE EUR ZEW Survey - Economic Sentiment (Aug)
12:30 US USD Retail Sales (MoM) (Jul)
Aug 15
08:30 UK GBP Bank of England Minutes
08:30 UK GBP Claimant Count Change (Jul)
12:30 US USD Consumer Price Index (YoY) (Jul)
12:30 US USD Consumer Price Index Ex Food & Energy (YoY) (Jul)
Aug 16
09:00 EMU EUR Consumer Price Index (YoY) (Jul)
09:00 EMU EUR Consumer Price Index - Core (YoY) (Jul)
Aug 17
06:00 DE EUR Producer Price Index (YoY) (Jul)
12:30 CA CAD Consumer Price Index (YoY) (Jul)
12:30 CA CAD Bank of Canada Consumer Price Index Core (YoY) (Jul)
13:55 US USD Reuters/Michigan Consumer Sentiment Index (Aug)Preliminar
Source: fxstreet.com

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